Tribunals · City of Westminster · 2023 rating list

3RD FLR RR, 27, KNIGHTSBRIDGE, SW1X 7LY

Offices and premises Decided 11 March 2026 CHG101173588 Ryan Property Tax Services UK Limited

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.
Original RV£275,000£700/m²
Ratepayer sought£237,500
VO conceded first—
Tribunal decided£262,500£665/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellants argued that the RV rates of £700/m² were excessive for the two office floors at Knightsbridge and proposed a rate of £600/m². The tribunal accepted that an adjustment was required to reflect fit-out periods in the lease analyses, particularly noting the 5th Floor was a new letting dated 11 March 2021 (days before the AVD) at an analysed rent of £667/m². The tribunal determined that an unadjusted rate of £665/m² was reasonable for both properties, allowing the appeals in part and reducing the 3rd Floor RV to £262,500 and the 5th Floor RV to £497,500.

Summary generated from the decision text and checked against it. The appellant was Aralon Advisory Services Limited and Signet Capital Management Ltd, represented.

Grounds argued

  • Rental evidence
  • Comparable assessments (tone) · decisive
  • Valuation method
Evidence
Rents, Settled assessments
Cases cited
Lotus and Delta v Culverwell; Gardiner and Theobald LLP v David Jackson
Hearing
13 February 2026

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The tribunal’s decision in full

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